Title
A Resolution Authorizing the Approval of a Second Amendment to Agreement Concerning Park Credits for Springs Ranch Golf Course
Body
From:
Karen Palus, Director of Parks, Recreation and Cultural Services
Chris Lieber, Park Development Manager
Summary:
The City of Colorado Springs Parks Department has been approached by Tom Tauche, owner of the Springs Ranch Golf Course, requesting an amendment to the Agreement Concerning Park Credits for the Springs Ranch Golf Course. This issue is a companion item to a development request submitted by NES, Inc. on behalf of Tom Tauche, Inc. for a zone change and concept plan for the Springs Ranch Golf Course R-5 Site. The proposed Second Amendment to Agreement Concerning Park Credits (Agreement) releases a certain portion of the Springs Ranch Golf Course (Released Property) subject to the Agreement Concerning Park Credits in exchange for conveyance of land and a pedestrian bridge to the City for the benefit of the City Parks Department and park and trail users.
Previous Council Action:
On October 12, 1999, City Council approved Resolution No. 160-99, granting parkland credit in an amount not to exceed 31.4 percent or 66.5 acres to BRE/Springs Ranch LLC for the Springs Ranch Golf Course. An Amendment to Agreement Concerning Park Credits for Springs Ranch Golf course as approved by City Council, effective November 30, 2011.
Background:
In 1999, the City of Colorado Springs entered into an Agreement for the Springs Ranch Golf Course with BRE/Springs Ranch LLC to grant partial park credit to satisfy parkland dedication requirements for the Springs Ranch Master Plan. The Agreement stipulated that the Springs Ranch Golf Course would remain open to the general public and be available for all residents of the City. In the Agreement, partial park credits were granted to BRE/Springs Ranch LLC in an amount not to exceed 31.4% or 66.5 acres for the Spring Creek Golf Course. At the time of the ...
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